We are excited to announce a powerful new feature to give event organizers greater control and flexibility over their event finances: Flexible Additional Fees.
We understand that running a successful event often involves various costs beyond the face value of a ticket, from administrative overhead and facility rentals to setting up stages or hiring live entertainment. Absorbing these additional expenses can directly impact your bottom line.
Our new Flexible Additional Fee feature allows you to charge an extra amount on top of the ticket price to help offset these costs. The great news is that this fee is incredibly versatile and can be configured in a way that best suits your event’s financial model:
- A fixed dollar amount: Add a set price to each ticket.
- A percentage amount: Charge a percentage of the ticket price.
- A combination of both: Implement a fee with a fixed amount and a percentage.
This customizable fee can be used for various purposes, such as:
- Admin Fee: Covers administrative and organizational expenses.
- Facilities Fee: Contribute towards the cost of venue rental or facility usage.
- Setup Fee: Help with the expenses related to setting up equipment, staging, or decorations.
- Live Music Fee: Offset the cost of booking bands or musicians.
- Custom Seating Chart Creation: Help recover the cost if Ticket Falcon assists in creating a custom seating chart for your event.
- And more, depending on your specific event needs!
What are the key benefits of this feature for event organizers?
- Offsetting Additional Costs: This method directly addresses and recovers expenses beyond the standard ticket price, improving your event’s profitability.
- Increased Financial Flexibility: Tailor the fee structure ($ amount, %, or both) to align with your budget and pricing strategy.
- Improved Budget Management: Accounting for these additional revenue streams will give you more control and predictability over your event finances.
- Potential for Competitive Pricing: By offsetting specific costs with a separate fee, you might be able to keep your base ticket prices more attractive to attendees.
- Adaptability: The fee can be used to cover a wide range of potential costs, from venue-related expenses to specific entertainment or platform-related costs like custom seating charts.
The flexibility in how the collected additional fee is distributed is a key advantage. You can determine any combination of how this fee is allocated. This means the collected fee can be:
- Sent entirely to Ticket Falcon to cover specific costs associated with features you utilize (such as creating a custom seating chart).
- Sent entirely to you, the event organizer, to cover your external costs for venue hire, equipment rentals, or band payments.
- Split in any defined combination between Ticket Falcon and the event organizer.
This feature is designed to give you more financial control and transparency. It will allow you to better manage your event budget and potentially offer more competitive base ticket prices while ensuring all your costs are covered.
Important Note: To ensure this feature is set up correctly and tailored to your specific event requirements, it requires manual enablement and management by the Ticket Falcon team. This allows us to provide personalized support and ensure seamless integration with your ticketing setup.
Ready to learn more and see how Flexible Additional Fees can benefit your next event?
We encourage all interested event organizers to contact us directly. Our team will be happy to discuss your needs, explain the feature in detail, and set you up to utilize this valuable new tool.
Do not let additional costs eat into your event’s profitability. Contact Ticket Falcon today to explore how this new feature can help you take greater control of your event finances!
